Walmart’s Indian eCommerce venture Flipkart has landed a new round of fundraising ahead of a possible initial public offering (IPO). And, in recurring revenue, an American Express veteran is taking over as head of the Walmart+subscription program, which rolled out in September 2020 as a foil to Amazon Prime. All this, Today in Data.
Data:
350M: Minimum number of registered users Flipkart now boasts.
171.4M: Sum of Amazon Prime members as of June 2021.
$3.6B: Amount of funding Flipkart Group recently announced it raised.
20%: Share of U.S. consumers who have both an Amazon Prime and a Walmart+ account, as per PYMNTS data.
1.6M: Minimum count of kiranas Flipkart said it now works with through its wholesale business and last-mile delivery program.
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